US Marshals to Auction Silk Road's Last Stash of Bitcoins
The crackdown on Silk Road by United States federal agents yielded a fortune in bitcoins along with the founder Ross Ulbricht and two more federal agents as an added bonus on a later date. Ross Ulbricht is currently serving his 20 year prison sentence in one of the US prisons for running the dark internet marketplace which sold anything from drugs to guns for hire (the guns for hire part is still debatable and hasn't been proven by the prosecutors in the case yet). The crackdown on Silk Road was achieved as part of a joint operation between US Federal Bureau of Investigation and the US....
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The much awaited bitcoin auction by the United States Marshals Service is finally over. The US Marshals Service, in possession of confiscated bitcoins from the Silk Road investigation auctioned the last of them earlier on Thursday. Thursday's auction had about 44,341 bitcoins worth $17.21 million out for bidding by those who had earlier registered with the US Marshals Service. According to reports, the online auction saw 11 bidders bidding 30 times over a span of six hours. Completion of the latest auction signifies liquidation of all the bitcoins seized from the wallets belonging to Silk....
This article has been updated with new details on how interested bidders can register for the auction. The US government is preparing to auction off roughly 30,000 bitcoins appropriated from the Silk Road online black market. The bitcoins, worth approximately $17,898,600 at current market prices, are currently being held in two wallets owned by the US Marshals Service. The auction will be held on 27th June from 06:00 to 18:00 (EDT), according to a press release published by federal government. In a statement, the US Marshals Service said: "The bitcoins offered in this auction have been....
Updated with comment from Lynzey Donahue, a U. S. Marshals spokeswoman. UPDATE (18th June 21:30 BST): Yelp's Luther Lowe contacted CoinDesk to clarify that he contacted the USMS regarding its auction of Silk Road bitcoins as a private investor, and not on behalf of the e-commerce company. A list of individuals interested in the auction of the 30,000 bitcoins confiscated from the now-defunct Silk Road black marketplace has been leaked via email by the US Marshals Service (USMS), the US government agency confirmed. In a statement to CoinDesk, Lynzey Donahue, a US Marshals spokeswoman,....
"Oops!" is the word the probably most accurately describes the mistake made by the U. S. Marshals Service (USMS) when it comes to the auctioning of nearly $18 million worth of bitcoins seized from Silk Road servers last year. Background: U. S. Marshals Service Poised to Auction Off Silk Road Bitcoins. In an email to bidders that attempted to highlight some changes to the auction's 'frequently asked questions' section, the Service included all recipients in the CC field as opposed to the BCC field, making all send-to addresses visible to recipients. Shortly thereafter, the USMS issued a....
Venture capitalist Tim Draper has been revealed as the winner of last Friday's USMS bitcoin auction. The US Marshals Service (USMS) has announced that a single, undisclosed bidder claimed all of the roughly 30,000 bitcoins seized from online black market Silk Road and sold in its recent auction. The winning bidder outbid all other parties for the 10 auction blocks, according to the USMS. Further, the bitcoins have already been transferred to the winner, according to Blockchain. The USMS previously said that it would begin notifying bidders as to whether they had secured any of the blocks....